Applied Micro Circuits To Cut 100 Jobs
The moves are expected to reduce annual operating expenses by an estimated $14 million to $16 million for AMCC's Fiscal Year 2010, according to the company.
Company CEO Kambiz Hooshmand said "We strive to remain, as much as possible, cash flow neutral. As a part of this, we have also sharpened our focus on key customers and key products."
He said the firm was creating a more efficient R&D, SG&A, and operations team "that will deliver best in class solutions to process, transport, and store information."
Sunnyvale, California-based Applied Micro Circuits offers high speed signal processing, IP & Ethernet packet processing, storage controllers and processors, used for internet data center and carrier central office applications.
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